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Emerald Performance Materials changes private equity owners

7:00 AM MDT | August 15, 2014

Private equity firm American Securities (New York) has closed the acquisition of specialties maker Emerald Performance Materials (Cuyahoga Fall, OH) from Sun Capital (Boca Raton, FL), another private equity firm. Terms of the transaction, including financial details, have not been disclosed. Emerald’s products are sold into the flavors and fragrances, food and beverage, personal-care, composites, adhesives and coatings markets, among others. The deal was announced in June. Emerald, which has about 750 employees, was formed by Sun in 2006 after the firm acquired...

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